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Dec 19, 2012
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once again we saw both sides digging n.no deal on the fiscal cliff in washington and stocks sold out. nasdaq composite off a third of a percent and the s&p 500 down 11 points, and the countdown continues. only seven trading days left until the fiscal cliff dead livent was today the beginning of a bigger selloff if a deal does not come soon? joining me right now is a cnbc contributor from western destination and steven hammers from the emp fund and our own rick santelli and joe greco from meridian equity partners finishing up his trades and will join us momentarily. good to see everybody. michael, let me kick it off with you. i know it's really hard to navigate every day because every day there's a new expectation in the market, but it felt like today was about the fiscal cliff. if we go over the fiscal cliff with no deal, is that a significant issue for the markets early january? >> if we go over the fiscal cliff without a deal, we're probably looking at a 6%, 7% correction and then in my view you load up on equities. you know, maria, we're starting to put a little bit of risk on. nev
once again we saw both sides digging n.no deal on the fiscal cliff in washington and stocks sold out. nasdaq composite off a third of a percent and the s&p 500 down 11 points, and the countdown continues. only seven trading days left until the fiscal cliff dead livent was today the beginning of a bigger selloff if a deal does not come soon? joining me right now is a cnbc contributor from western destination and steven hammers from the emp fund and our own rick santelli and joe greco from...
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Dec 13, 2012
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two guys who are part of the conventional wisdom in washington. they have written tremendous things. they wrote a whole book. these are the points that i love. they said if you want to use a strategy of "i'm going to lie all the time" when you have the false equivalence of the mainstream press you get away with it. their philosophy is supposed to be that they represent the middle class so they don't have to lie as much as the guys who only rich the very, represent the very, very rich. if you call it even every time you're going to let the republicans get away with it. you think they don't know that? if voters are going to be able to hold accountable political figures they got to know what is going on. and if the story you're telling repeatedly that they're all to blame, they're equally to blame then you're really doing a disservice to the voters and not doing what journalism is supposed to do. that's exactly right. if you call it 50/50 you're lying to your audience. you're helping the republicans lie to the voters. what you need to do is to be obj
two guys who are part of the conventional wisdom in washington. they have written tremendous things. they wrote a whole book. these are the points that i love. they said if you want to use a strategy of "i'm going to lie all the time" when you have the false equivalence of the mainstream press you get away with it. their philosophy is supposed to be that they represent the middle class so they don't have to lie as much as the guys who only rich the very, represent the very, very rich....
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Dec 6, 2012
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come on, washington, that's ridiculous. how can the markets in switzerland, netherlands, germany do better than us? how is that possible? because of you, washington. it's because of you. we've been kept back all because of you. second, before our politicians stepped in with the intransigence and anger, we were about to have an explosion in earnings. retail was stronger than it was in a decade, autos back incredibly robust. and that's just the beginning. because all the pent up demand. we're running short of office buildings, shopping centers, apartments, homes, these are the hiring sectors, all this blather about helping the small businessman of subchapter "s" for private and middle class, you want to help them? give them a deal, any deal, just get out of our way for heaven sakes. our country is starting to get so competitive, again, that business is building things over there now want to build them there. tim cook tells brian williams that his company's going to make macs in this country. we're better than kmochina. meanwh
come on, washington, that's ridiculous. how can the markets in switzerland, netherlands, germany do better than us? how is that possible? because of you, washington. it's because of you. we've been kept back all because of you. second, before our politicians stepped in with the intransigence and anger, we were about to have an explosion in earnings. retail was stronger than it was in a decade, autos back incredibly robust. and that's just the beginning. because all the pent up demand. we're...
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Dec 10, 2012
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we'll start in washington. president obama, speaker boehner met face-to-face over the weekend to talk some fiscal cliff. our john harwood is live at the white house with more on that. john, good morning. >> good morning, carl. you know the president's been very clear since the election that republicans need to give on taxes for people at the top and not just on revenues, but also on tax rates because he says the math can't work otherwise. we've seen some signs of cracking in the republican unity. that suggests we may be getting to the next phase of negotiations. the latest sign was possible corker, the senator from tennessee, who was on our air just a few minutes ago, as you know, saying republicans should concede ground on top tax rates and then get on to other issues. >> the best place for republicans to be, to me, is to pass the rate of rate increases, be done with it, the numbers aprobably much smaller than is going to ultimately be negotiated, and then we still are focused on the right thing, which is enti
we'll start in washington. president obama, speaker boehner met face-to-face over the weekend to talk some fiscal cliff. our john harwood is live at the white house with more on that. john, good morning. >> good morning, carl. you know the president's been very clear since the election that republicans need to give on taxes for people at the top and not just on revenues, but also on tax rates because he says the math can't work otherwise. we've seen some signs of cracking in the...
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Dec 7, 2012
12/12
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in washington news, both parties hinting at renewed talks on the fiscal cliff. the acknowledgement of open lines of communication passed for encouraging news. a new survey finds more than 60% of leading investment professionals predict a shorp stock decline in the market if the government fails to come up with a deal. in this case defined as a more than 10% drop in the dow. 56% surveyed foresee a deal to avoid the cliff by year end, 44% predict failure in the ongoing negotiations. as for corporate america, through yesterday's close, there have been # 70 announcements of special dividends. these special difference deebds are valueded a more than $30.1 billion. among the latest names, mcgraw hill will pay a special dividends of $2.50 a share before year end. and drop its previously announced plan to buy back up to $200 million more of stock this year. >> everybody's paid their dividends this year, so they won't be paying them next year. >> this is a major issue. what's going to happen is -- we have two great economists onset. but that money will get annualized, so
in washington news, both parties hinting at renewed talks on the fiscal cliff. the acknowledgement of open lines of communication passed for encouraging news. a new survey finds more than 60% of leading investment professionals predict a shorp stock decline in the market if the government fails to come up with a deal. in this case defined as a more than 10% drop in the dow. 56% surveyed foresee a deal to avoid the cliff by year end, 44% predict failure in the ongoing negotiations. as for...
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Dec 7, 2012
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our chief washington correspondent john harwood is here with the latest. >> reporter: we ended the week with a fairly perfect, simple, clear, elegant expression of the partisan differences in this fight. speaker boehner came out and gave a press conference where he essentially said president obama has done nothing to compromise with republicans. here's the speaker. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. >> reporter: not surprisingly, democratic house leader nancy pelosi had precisely the opposite explanation for what is behind this stalemate. she says republicans simply echoing the white house are going to have to buckle on the issue of the top rates. >> the only obstacle standing in the way of middle income tax relief are the republicans unwillingness to ask the top 2% to pay their fair share. >> but tyler, as yo
our chief washington correspondent john harwood is here with the latest. >> reporter: we ended the week with a fairly perfect, simple, clear, elegant expression of the partisan differences in this fight. speaker boehner came out and gave a press conference where he essentially said president obama has done nothing to compromise with republicans. here's the speaker. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since...
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Dec 8, 2012
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do you think the city of washington is going to implode? do you think federal government is not going to be able to do its job anymore? i don't believe any of that for one nano second. >> i think that's a no, no and no if i recall correctly what the questions were. the sun is still going to come up. right now i think the first place to start cutting, i would eliminate the jobs of the people that say there's no place to cut. if they can't find a place to cut get rid of them. >> this is the old washington monument syndrome. you know this. when i worked down there, anytime there's a little bit of cuts someplace people start saying we're going to have to close down the washington monument. we're going to have to close down the national parks. we'll never have another tour nift washington, d.c. it's all lot of crap, ernie. all this is would be a small reduction in the growth of the federal workforce. and god knows we could use that. >> i know up wouldn't it be wonderful if we could actually bring that down to a freeze or even a 1% actual cut? no
do you think the city of washington is going to implode? do you think federal government is not going to be able to do its job anymore? i don't believe any of that for one nano second. >> i think that's a no, no and no if i recall correctly what the questions were. the sun is still going to come up. right now i think the first place to start cutting, i would eliminate the jobs of the people that say there's no place to cut. if they can't find a place to cut get rid of them. >> this...
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Dec 24, 2012
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it's dawn on inauguration day in washington, d.c.. a huge amount of people gather on the washington mall. in 2009 and was all the way from the capitol all the way to the lincoln memorial. we just lost our picture. they are there for the inauguration. people gather to watch and other places as well. in times square in the new york city and classrooms around the country in paris and iraq and afghanistan people are watching the u.s. presidential inauguration. they've all come there and there is a big crowd on the mall. i'm going to speak to you today about this great historic subject come of this institution and i am not -- i'm going to do it in the same way in which organized the book. rather the book is not chronological. it's not divided that starts off with george washington and then john adams to going to the president. instead it is divided by the various parts of the day and then i sprinkle vignettes. some of them very serious, some of them of course very traditional, and a lot of them i'm always looking for those, too. i also goi
it's dawn on inauguration day in washington, d.c.. a huge amount of people gather on the washington mall. in 2009 and was all the way from the capitol all the way to the lincoln memorial. we just lost our picture. they are there for the inauguration. people gather to watch and other places as well. in times square in the new york city and classrooms around the country in paris and iraq and afghanistan people are watching the u.s. presidential inauguration. they've all come there and there is a...
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Dec 21, 2012
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what matters is the tone of the market is much better than the tone out of washington. like i said, there's always ait. right here on "mad money." i'm jim cramer and i'll see you tomorrow. >>> good evening, everyone. i'm larry kudlow. so a crucial moment for our economy and for our right to bear arms. high drama on capitol hill right now as house republican speaker john boehner looks to pass his plan b fiscal cliff bill in a million dollar tax threshold. votes aren't there yet. that's why we are following this live through the whole thing this evening. >>> and as the president's new anti-gun violence task force starts work, we learn that now outside experts have yet joined that panel. meanwhile, the debate on gun control rages across the country. tonight we will hear from outspoken tv host piers morgan and former new york mayor rudolph giuliani. "the kudlow report" begins right now. >>> first up, the latest on the vote of plan b. the plan b bill sponsored by john boehner that may decide how deep into january they have to go for a solution. may decide the fate of the eco
what matters is the tone of the market is much better than the tone out of washington. like i said, there's always ait. right here on "mad money." i'm jim cramer and i'll see you tomorrow. >>> good evening, everyone. i'm larry kudlow. so a crucial moment for our economy and for our right to bear arms. high drama on capitol hill right now as house republican speaker john boehner looks to pass his plan b fiscal cliff bill in a million dollar tax threshold. votes aren't there...
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Dec 1, 2012
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keep tax the same for 98% of americans and raise the debt celling so we can at least for a year put washington in the rear-view mirror. wow, can you believe that? there'll be some spending cuts to appease republicans, too, once they've bothered to identify the cuts they actually want! as much as some may believe that there's no incentive to rise above partisanship, the dramatic rates of income of these fiscal rates give to tens of millions of americans who happen to be voters. of the 2 million jobs that could be lost, 1 million of them will most likely comes from the defense sector. at a time when china is rising. you see those planes land on that aircraft carrier this week? the middle east is boiling. i don't know. did we really want that big defense budget cut? i mean, maybe nothing more than the decline in spending is the war in afghanistan winds down. saving about half a trillion dollars over the time. maybe more. the areas where the defense job losses take place they look mighty red to me, at least on the electoral map. yes, you'll have to say goodbye to the fabulous 15% dividend rates go
keep tax the same for 98% of americans and raise the debt celling so we can at least for a year put washington in the rear-view mirror. wow, can you believe that? there'll be some spending cuts to appease republicans, too, once they've bothered to identify the cuts they actually want! as much as some may believe that there's no incentive to rise above partisanship, the dramatic rates of income of these fiscal rates give to tens of millions of americans who happen to be voters. of the 2 million...
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Dec 31, 2012
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john harwood in washington. i want to bring you up to date on the latest of the talks between vice president biden and mitch mcconnell. there's some concern among democrats who have heard that the income threshold for tax rate increases may be going up to 400, 450, $500,000. a source familiar with the talks just phoned me to say the democrats are only considering that under a couple of conditions. one is that if the threshold goes up to that level, the top income tax rate would go all the way back up to the clinton era rate of 39.6%. not some mid point of 37% talked about a couple of weeks ago. secondly, that it would be accompanied by more revenue from the estate tax than is happening under current policy. remember, current policy is 35% tax on estates of $35 million or more. democrats are going to be insisting on somewhat more revenue than that, if not all the way up to the level in president obama's budget. finally, that an agreement would include a significant extension of unemployment benefits. remember, th
john harwood in washington. i want to bring you up to date on the latest of the talks between vice president biden and mitch mcconnell. there's some concern among democrats who have heard that the income threshold for tax rate increases may be going up to 400, 450, $500,000. a source familiar with the talks just phoned me to say the democrats are only considering that under a couple of conditions. one is that if the threshold goes up to that level, the top income tax rate would go all the way...
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Dec 28, 2012
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congratulations, washington. >> see you later. japan, we have to keep all eyes on japan. >> that guy abe. what's his name? >> abe. you're talking about abe? >> that is the guy. honest abe. >> by the way, we have to talk about the john carney story. >> let me read it first. >> we can do that, too. >>> coming up, why investors member willing to take on more risk in 2013. first, as we head to a break, take a look at yesterday's winners and losers. >> that was wonderful. bravo. >> i loved that. it was great. >> it wasn't bad. >> there were parts of it that could have been a lot better. >> it was pretty terrible. >> it was awful. >> boo! [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro
congratulations, washington. >> see you later. japan, we have to keep all eyes on japan. >> that guy abe. what's his name? >> abe. you're talking about abe? >> that is the guy. honest abe. >> by the way, we have to talk about the john carney story. >> let me read it first. >> we can do that, too. >>> coming up, why investors member willing to take on more risk in 2013. first, as we head to a break, take a look at yesterday's winners and losers....
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Dec 17, 2012
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washington has set up already. so we get some sort of clarity, some sort of a plan, that's what the businesses have been asking for but it's not going to change things until late 2013, if not into two 2014. >> i think you're right, they've made their plans. in the environment changes they have all this cash they can make changes and make increment at purchases. at a plant somewhere, hire a worker or two, engage in m&a if they have more confidence in the future. so i think they can turn things around. but they need more confidence and that's a big if. >> bob's going to be with us for the rest of the hour. >> okay, you've got comments, questions about anything you see on "squawk," shoot us an e-mail, you can also follow us on twitter @squawkcnbc is our handle. when we return, the tragedy in newtown parking the gun control controversy in washington. we're going to talk about it, and then later, why hovnanian is betting on boomerang buyers. the company's ceo is here as we get ready for key housing data later this week.
washington has set up already. so we get some sort of clarity, some sort of a plan, that's what the businesses have been asking for but it's not going to change things until late 2013, if not into two 2014. >> i think you're right, they've made their plans. in the environment changes they have all this cash they can make changes and make increment at purchases. at a plant somewhere, hire a worker or two, engage in m&a if they have more confidence in the future. so i think they can...
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Dec 7, 2012
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>> that's washington state and not washington d.c. >> sorry. >> it's different in colorado. it's only 15% exise tax in colorado. the market needs to shake itself out. at this point there's a huge additional cost built into the price of marijuana based on the fact that it's sold in a criminal market. once it is licensed and regulated, the price will certainly go down to some extent. >> how confident are you -- you talk about setting up a regulated functioning market for weed as if you just snapped your fingers. how do you make sure this stays out of the hands of those who are under 21? >> well, we've seen in colorado already a fully regulated market that is serving 120,000 medical marijuana patients and no reports of any marijuana being diverted from those stores to teens and moreover while the use of marijuana among teens has gone up 11% nationally, it's actually gone over the past two years 11% in colorado. so what we see is a regulated market that can keep marijuana out of the hands of teens and we hope the federal government and president obama don't stand in the way of p
>> that's washington state and not washington d.c. >> sorry. >> it's different in colorado. it's only 15% exise tax in colorado. the market needs to shake itself out. at this point there's a huge additional cost built into the price of marijuana based on the fact that it's sold in a criminal market. once it is licensed and regulated, the price will certainly go down to some extent. >> how confident are you -- you talk about setting up a regulated functioning market for...
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Dec 5, 2012
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. >> "the washington post" did a column on this where they look through some of tim geithner's numbers and it was a little concerning. >> smoke in mirrors. >> goes after the entitlements. >> but this is the deal that's going to happen. the cuts there are going to be real or the republicans won't play. >> right. >> and in return, the revenue side of the equation is going to be more consistent with what the president's looking for. i think he's serious about the rates. >> you can't even guarantee that guys like demint and that wing of the part -- you saw what he said yesterday. >> i didn't see what he said. >> he said no way. 800 billion in tax increases. we're saying it now like it's normal. 25% of gdp for government spending and you've got bloated government already, you start there. you start at government spending. you don't immediately start spending another 50 billion in stimulus. >> that's going to be the question that boehner has to deal with. the president will have to deal with the far wings of his party. boehner started doing it. did you see they removed two tea party members
. >> "the washington post" did a column on this where they look through some of tim geithner's numbers and it was a little concerning. >> smoke in mirrors. >> goes after the entitlements. >> but this is the deal that's going to happen. the cuts there are going to be real or the republicans won't play. >> right. >> and in return, the revenue side of the equation is going to be more consistent with what the president's looking for. i think he's...
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Dec 4, 2012
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but we'll start in washington. the president meeting with six governors around the country to discuss the fiscal cliff. our be john harwood is live to talk about the impact of that meeting, john, and the impact of this offer that we got from the republicans yesterday. >> reporter: carl, we haven't heard from the president or the governors yet in this meeting. we did just get some remarks that gene sperling delivered in which he responds to boehner's letter calls the baoehner offer disappointing and says that an accept aps by republicans that rates have to go up is the key to unlocking a deficit reduction agreement. now that's consistent with everything that's happened at the white house since the election, essentially trying to break down republican resistance to raising top rates which is very popular with the american people. however, as i mentioned when we talked in the last hour, are the significance of the republican offer is that they have laid out and taken ownership of cuts to entitlement programs, medicare
but we'll start in washington. the president meeting with six governors around the country to discuss the fiscal cliff. our be john harwood is live to talk about the impact of that meeting, john, and the impact of this offer that we got from the republicans yesterday. >> reporter: carl, we haven't heard from the president or the governors yet in this meeting. we did just get some remarks that gene sperling delivered in which he responds to boehner's letter calls the baoehner offer...
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Dec 27, 2012
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he's yelling at washington. >> yeah. >> i like that. you see how it's done now. >> it's a beautiful thing. >> all right. rick, and jim iuorio, thank you. i like passion. >> joe, joe, do me a favor. make sure you watch the guest today at 11:20. we have bill prezza and this one's really going to be fascinating. >> i do watch at 11:20. i do, rick. excellent. thanks. who is this guy? >> bill prezza. great writer. he writes things that really get you thinking. >> awesome. all right. don't hold back, rick. >> i never do. >> okay, guys. >> coming up, the impact of the fiscal cliff on the big banks. financial analyst chris whalen. he's here. he's going to join guest host john kanas for a look at the financial sector in 2013. >> when you miss "squawk box" you fall behind on global business news. when you fall behind on global business news, you make bad investment decisions. when you make bad investment decisions, you lose all your money. when you lose all your money, you are tempted to hatch an illegal ponzi scheme. when you hatch an illegal po
he's yelling at washington. >> yeah. >> i like that. you see how it's done now. >> it's a beautiful thing. >> all right. rick, and jim iuorio, thank you. i like passion. >> joe, joe, do me a favor. make sure you watch the guest today at 11:20. we have bill prezza and this one's really going to be fascinating. >> i do watch at 11:20. i do, rick. excellent. thanks. who is this guy? >> bill prezza. great writer. he writes things that really get you...
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Dec 12, 2012
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let's get some breaking news in washington. ayman? >> carl, this is actually breaking political news. today announcing new regulations on so-called 501 tax-exempt organizations that engaged in electioneering under federal law as it stands right now, they're allowed to engage in electioneering and not reveal who their donors are. now schneiderman in new york saying the state is going to require them to reveal if they spend up to $10,000 in that state. the groups that spend at least $10,000 to influence state and local elections in new york will be required to file itemized schedules and disclose their donors. potentially interesting move here by new york state. we'll have to see if other states follow this one, carl. >> nonprofits have a lot to deal with. >> oh, boy. >> thank you for that. before we go, jim, tonight -- >> first time since the cooper acquisition, they've become a power management company. mark papa, he's been on my show. he's at the heart of why we're becoming a great energy producer again, because he's got both eaglefo
let's get some breaking news in washington. ayman? >> carl, this is actually breaking political news. today announcing new regulations on so-called 501 tax-exempt organizations that engaged in electioneering under federal law as it stands right now, they're allowed to engage in electioneering and not reveal who their donors are. now schneiderman in new york saying the state is going to require them to reveal if they spend up to $10,000 in that state. the groups that spend at least $10,000...
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Dec 28, 2012
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a lot of washington circus going on. we, you know, i think it's pretty reasonable to assume that no politician, no libertarian would ever want the u.s. to default on its debt. so by march we should have a solution to that. then what we are is we're back in an environment of a slow, recovering economy. >> right. >> europe having ring fenced their problems. not solved them. but ring fenced them. and we're seeing the actions of the banks making their changes. it apyrpears to us we're at the early stage of a capital markets recovery as you start seeing the solutions work their way through. >> right. >> in to 2014 retailer investor begin to move into equities and out of fixed income. >> we can only hope. >> yeah. so let me ask you with that. do you go with those where margins are highest like a goldman? do you go where the geographic reach is broadest like a city? your favorite picks are goldman, some of the big center maxim right? >> citi certainly has an advantage in its position internationally as asia picks up citi is goi
a lot of washington circus going on. we, you know, i think it's pretty reasonable to assume that no politician, no libertarian would ever want the u.s. to default on its debt. so by march we should have a solution to that. then what we are is we're back in an environment of a slow, recovering economy. >> right. >> europe having ring fenced their problems. not solved them. but ring fenced them. and we're seeing the actions of the banks making their changes. it apyrpears to us we're...
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Dec 3, 2012
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and it's the way washington used to work. people used to socialize together, whether they were democrats or republicans. they built an entire notion on the company that you can get democrats and republicans to work together to solve business and brand challenges. that's the key issue. >> they don't know each other. they don't socialize each other. there's a taint with doing it. let me give you an idea. we've got a fiscal cliff now. we have the fiscal abyss next year. we need to say, don't come home. no deal, no break. members should be in washington at least five days a week like every other american and not leave until they deal with the fiscal cliff this year or until we get a grand bargain next year. they would pull off seven times more days -- >> david faber tweeted this morning that they should be locked in a room and forced to listen to the animal orchestra until they have a deal. >> david faber's hair. >> you put them in a room. you tell them they're going to sit there until the deal is done. day three, no more food. d
and it's the way washington used to work. people used to socialize together, whether they were democrats or republicans. they built an entire notion on the company that you can get democrats and republicans to work together to solve business and brand challenges. that's the key issue. >> they don't know each other. they don't socialize each other. there's a taint with doing it. let me give you an idea. we've got a fiscal cliff now. we have the fiscal abyss next year. we need to say, don't...
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Dec 13, 2012
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i don't think anybody wants to be in washington, d.c. for christmas dealing with this and i think that if we get to christmas and there's not a deal -- and they're not saying a deal will be done over the next couple of days, then i think you'll see people start to go buy options. i think the thing to watch to see if that happens is the vision. if the vix gets above 20, then we can see what's going on. >> you can always catch scott on options actions on friday afternoon. >> if you want comments on questions about anything you see here on "squawk box," e-mail us at squawk at cnbc.com or do the twitter thing. >> now you're like the recommended users. you should just tweet you direct. >> right. but you have had, what, 700 tweets, right? >> cramer, 26,000. >> carl like 8,000. >> carl is just -- he's a tweeting machine. >> puts pictures in and -- not like -- nice pictures, usually scenic pictures. still ahead, a former hockey great who went from superstar to down and out and now he's preaching fiscal responsibility. he's going to talk to us ab
i don't think anybody wants to be in washington, d.c. for christmas dealing with this and i think that if we get to christmas and there's not a deal -- and they're not saying a deal will be done over the next couple of days, then i think you'll see people start to go buy options. i think the thing to watch to see if that happens is the vision. if the vix gets above 20, then we can see what's going on. >> you can always catch scott on options actions on friday afternoon. >> if you...
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Dec 18, 2012
12/12
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>> they don't want to spend christmas in washington, do they? >> you have thursday, friday and monday, right? >> you have a lot of aides prepared to come back after christmas to try and make sure they're not too far away from d.c. it does look encouraging. you've had movements on both sides. you've had boehner indicating that he's willing to accept and rising tax rate for the wealthiest. at the same time, you've had the president scaling back the limit to which those tax rates go up the. >> and they're not arguing about idealogical points any more. >> exactly. >> and what about the debt ceiling? do you think this gets thrown to the mix or not? >> well, i think the white house knows very strongly that as far as the markets are concerned, they want to try and get some kind of clarity for the next few months. after the last couple of years, no one really trusts the government or trusts the administration to not have a series of crisis and tiptoeing to the edge. so my bet is they will try to get some sort of deal. >> who has more trouble convincing
>> they don't want to spend christmas in washington, do they? >> you have thursday, friday and monday, right? >> you have a lot of aides prepared to come back after christmas to try and make sure they're not too far away from d.c. it does look encouraging. you've had movements on both sides. you've had boehner indicating that he's willing to accept and rising tax rate for the wealthiest. at the same time, you've had the president scaling back the limit to which those tax rates...
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Dec 10, 2012
12/12
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WBFF
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laws in washington nn with new- pollrado. ((break 2)) witt pot becoming legal for and washington... thh new move poses a challenge inndrafting the rules behind toking-and- peaunesse akes a ook at how much is too much... drrving while high. high. p nationally 23 pprcent of those killed in auto acciddnts have some drug ther than alcohol in their system.. pot willlonly make thhngs worsee now, pot advocates say that's not true that smokers drive. well, washington statee taking noo hances imposing a strict limit on the amount of system. nats: "want to know r why i pulled you ovvr? littering and smoking the reefer." driving while high. while illeeal, research in europe show too much ii onn and judgment eccles says: "one of the first and most importaat is an inabilityyor peduced abillty to divide ones attention." marijuana less debilitating than aacoholl yet a new canndian studd says thoseewho driie withinn33hours of smmking pot crash eccles says: "anooher under iifluence of marijuana is a reduced ability to too much ?sims says: "i don't feel we are in unchartered territory, i know we are
laws in washington nn with new- pollrado. ((break 2)) witt pot becoming legal for and washington... thh new move poses a challenge inndrafting the rules behind toking-and- peaunesse akes a ook at how much is too much... drrving while high. high. p nationally 23 pprcent of those killed in auto acciddnts have some drug ther than alcohol in their system.. pot willlonly make thhngs worsee now, pot advocates say that's not true that smokers drive. well, washington statee taking noo hances imposing a...
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Dec 6, 2012
12/12
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when we come back who do americans really hold responsible for gridlock in washington? we'll find out. >>> co-chair of the campaign to fix the debt former senator judd gregg joins us live to tell us why congressional leadership could be standing in the way of a solution. >>> first rick santelli is working for something later on in the hour. >> in about ten minutes we're going to have ira harris and have some interesting topics. ira harris has a notion of who may be most impacted if we go over the fiscal cliff and i don't think you'll be expecting the answer he'll give and touch on mario draghi and ecb, maybe a little berlusconi all coming up in ten minutes. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more i
when we come back who do americans really hold responsible for gridlock in washington? we'll find out. >>> co-chair of the campaign to fix the debt former senator judd gregg joins us live to tell us why congressional leadership could be standing in the way of a solution. >>> first rick santelli is working for something later on in the hour. >> in about ten minutes we're going to have ira harris and have some interesting topics. ira harris has a notion of who may be most...
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Dec 14, 2012
12/12
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CNBC
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this meeting came after a day of frustration in washington as both sides criticized each other for lack of progress. >> republicans want to solve this problem by getting the spending line down. the president wants to pretend the spending isn't a problem. that's why we don't have an agreement. >> speaker boehner can't ignore the american people forever. at some point, reality should set in. the only question is how much financial stress middle class families and our entire economy will have to endure during this process. >> well, the clock is ticking. so is a resolution before the end of the year likely? let's of the pose that question to tony fratto. and a cnbc contributor. tony, good morning. are we actually going to get a deal? >> morning, kelly. boy, before the end of the year, i think that was your standard. i think it's getting to be more and more unlikely, kelly. i think when you see the kind of language and -- but actual language and body language that we saw yesterday, it looks farther away. but, look, i've long felt that this was a deal that could only happen after the new year
this meeting came after a day of frustration in washington as both sides criticized each other for lack of progress. >> republicans want to solve this problem by getting the spending line down. the president wants to pretend the spending isn't a problem. that's why we don't have an agreement. >> speaker boehner can't ignore the american people forever. at some point, reality should set in. the only question is how much financial stress middle class families and our entire economy...
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Dec 10, 2012
12/12
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in washington. that's right. but we got -- all the s.b. >> you know, erskine, when you look at what the odds are, the argument in the past has always been, i needed to talk about this a little earlier this morning, the idea that we will get some sort of higher rates now. the argument from the republicans has been if we agree to higher tax cuts now and agree to spending cuts later we're going to get the short end of the stick because that never happens. what do you think is the fair way they should be thinking about this, and a realistic way? >> i think if they agree to higher rates now in some form that you'll see these others fall into place really quickly. the president has signaled he's prepared to do some things on entitlement cuts now. i could envision some that he would do. you saw, as example, i don't think durbin would have been out there saying that he could live with something like means testing if he wasn't serious about it. >> mm-hmm. >> i would like to see, you know, i'd like to see something done wi
in washington. that's right. but we got -- all the s.b. >> you know, erskine, when you look at what the odds are, the argument in the past has always been, i needed to talk about this a little earlier this morning, the idea that we will get some sort of higher rates now. the argument from the republicans has been if we agree to higher tax cuts now and agree to spending cuts later we're going to get the short end of the stick because that never happens. what do you think is the fair way...
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Dec 11, 2012
12/12
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CNBC
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while washington quarrels with itself, time is slipping away. the only solution for our government to put differences aside and put real compromise on the table. rise beyond disparity. rise past adversity. rise above. this is a cnbc special report. mission critical. rise above dc. >> our special mission critical rise above dc coverage continues right now. all day long we are here in washington holding lawmakers' feet to the fire on the fiscal cliff. here's what we know right now. in terms of some of the moments from this morning, senator mark warner from virginia saying compared to the size of our economy and the drastic steps that have been taken in other countries the current proposals are relatively small and government should just step up and get a deal done. senator bob corker, though, hesitant about signing any deal if there's not some sort of agreement about increasing revenue. he says there's no guarantee enough will be done about entitlements down the road. and as he looks in on the process, grover norquist maintains there's no better r
while washington quarrels with itself, time is slipping away. the only solution for our government to put differences aside and put real compromise on the table. rise beyond disparity. rise past adversity. rise above. this is a cnbc special report. mission critical. rise above dc. >> our special mission critical rise above dc coverage continues right now. all day long we are here in washington holding lawmakers' feet to the fire on the fiscal cliff. here's what we know right now. in terms...
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Dec 5, 2012
12/12
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KSTS
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. >>> solo washington y nuevo mÉxico lo permiten. >>> significa algo grande para nosotros porque realmente ahora si podemos saber quiÉn estÁ manejando en las calles estas personas van a tener que acoger el examen, van a tener que pasar todos los reglamentos y tambiÉn van a poder comprar seguros para sus autos. >>> pero no todos los senadores estuvieron de acuerdo con la medida. >>> tristemente estos son polÍticos que Únicamente estÁn tratando de conseguir el voto latino pero estÁn tratando de hacer las cosas a la carrera. >>> aÚn falta aprobarla en la cÁmara baja por eso llegaron apoyar la legislaciÓn. >>> venimos pendientes de ahora si lograr las licenciass creo el esfuerzo necesitamos hacerlo todos por eso invitamos a todas las personas a venir con nosotros. >>> este es el su tercer intento de aprobar las licencia de manejar para indocumentados esta vez los republicanos apoyaron la medida, pero solo serÁ para personas sin rÉcord primo en el y solo se na utilizada para manejar y no tendrÁ otros derechos. >>> sabemos que el gobernador de illinois felicitÓ al senado para haber
. >>> solo washington y nuevo mÉxico lo permiten. >>> significa algo grande para nosotros porque realmente ahora si podemos saber quiÉn estÁ manejando en las calles estas personas van a tener que acoger el examen, van a tener que pasar todos los reglamentos y tambiÉn van a poder comprar seguros para sus autos. >>> pero no todos los senadores estuvieron de acuerdo con la medida. >>> tristemente estos son polÍticos que Únicamente estÁn tratando de...
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Dec 3, 2012
12/12
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dave, you are headed to washington. let us know what's happening. >> he's going to fix it. >> we're going to have pizza. >> make sure you join us tomorrow. "squawk on the street" is next. ♪ >>> led zeppelin to wash away monday blues. congrats to the band for winning kennedy center honors last night. welcome to "squawk on the street." i'm carl quintanilla along with jim cramer, david faber live at nyse. melissa will join us in the next hour. we're kicking off the month of december with strength. anticipating good auto numbers today. greece unveiling that $10 billion eurobond buyback. a 52-week high in france and germany. our road map this morning begins in washington where fiscal cliff negotiations according to the "times" has "collapsed." at least for now. with less than a month until the deadline, who blinks first if anyone? >> goldman takes dell from a strength to a buy. is it time to look at the stock and maybe even other players in the beat up personal computer sector? >> manufacturing data out of china. not bad.
dave, you are headed to washington. let us know what's happening. >> he's going to fix it. >> we're going to have pizza. >> make sure you join us tomorrow. "squawk on the street" is next. ♪ >>> led zeppelin to wash away monday blues. congrats to the band for winning kennedy center honors last night. welcome to "squawk on the street." i'm carl quintanilla along with jim cramer, david faber live at nyse. melissa will join us in the next hour. we're...
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Dec 8, 2012
12/12
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eastern on c-span. >> tomorrow on "washington journal." we will talk about the latest of the so-called fiscal cliff discussions. then all look at the lobbying going around the fiscal cliff negotiations by clients in washington. our guest is anna palmer. and later a discussion on syria and the response from the international community. live at 7:00 a.m. eastern here on c-span. this week on news makers, the vermont governor and chair of the democratic governors' association peter shumlin. he talks about the fiscal cliff and laying the groundwork for the 2013-2014 election. that is at 10:00 a.m. eastern on c-span. >> in president obama's weekly address, he talks about tax policy, the tax cuts put in place by the previous administration that will expire at the end of the year. then the republican address on the economy, jobs, and education policy. >> hello, everybody. over the last few weeks, there's been a lot of talk about deadlines we're facing on jobs and taxes and investments. but with so much noise and so many opinions flying around, it
eastern on c-span. >> tomorrow on "washington journal." we will talk about the latest of the so-called fiscal cliff discussions. then all look at the lobbying going around the fiscal cliff negotiations by clients in washington. our guest is anna palmer. and later a discussion on syria and the response from the international community. live at 7:00 a.m. eastern here on c-span. this week on news makers, the vermont governor and chair of the democratic governors' association peter...
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Dec 31, 2012
12/12
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WGN
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just two months after voters maine, maryland and washington state approved same sex marriage laws.. this is where the people of america are.. this is where the people of illinois are. citing the presidents stance, the white house said 'were the president still in the illinois state legislatuire, he would support this measure that would treat all illinois couples equally.' but conservative chicago democrat, represenative joe lyons, says the presidents view wont change his vote against the marriage bill... telling wgn by phone 'when he was in the state senate, president obama voted present on any controversial bill that came up.' that sentiment is echoed by other conservatives in the state, including the chicago catholic archdiocese and the thomas more society. the president is entitled to his opinion. he is only one voter. >>the bills author says the bill strikes a balance protecting churches from having to consecrate marriages it wishes not to... yet affords couples equal marriage rights under the law. the velocity of public opinion is changing so rapidly that i think were all surpr
just two months after voters maine, maryland and washington state approved same sex marriage laws.. this is where the people of america are.. this is where the people of illinois are. citing the presidents stance, the white house said 'were the president still in the illinois state legislatuire, he would support this measure that would treat all illinois couples equally.' but conservative chicago democrat, represenative joe lyons, says the presidents view wont change his vote against the...
SFGTV: San Francisco Government Television
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Dec 23, 2012
12/12
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case of annexing none portland it will be looked at on a case by case analysis and this would be eight washington or c well lot 851 is a good example of this type of situation where there is parcel and annexing into district and schedule is a adopting an infrastructure financing plan and it's a two step process that starts with inferring the district and then chem back with the infrastructure financing plan and actually specific the improvements from that district and priority improvements water front district, consistent with i f d in the investment would be consistent with the law obviously, the water front plan and our own capital plan and economic benefit we would always produce analysis for the policy makers that show the total tax revenues to the general opportunity fund and other economic development besides board of trustees and that way the city can review the position of general fund in making this contribution and where the state and city -- where there is state and city matching where we can -- secure the state chair for pier 70, we would make it a priority and the amount of allocated
case of annexing none portland it will be looked at on a case by case analysis and this would be eight washington or c well lot 851 is a good example of this type of situation where there is parcel and annexing into district and schedule is a adopting an infrastructure financing plan and it's a two step process that starts with inferring the district and then chem back with the infrastructure financing plan and actually specific the improvements from that district and priority improvements...
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Dec 9, 2012
12/12
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the threat comes from washington and wall street. i make that new arguments in the new edition of "wealth and poverty." >> george gilder come you rate the united states over the last decade has witnessed a classic confrontation between the forces of entrepreneurial capitalism and those of established institutions, claiming a higher virtue, expertise and political standing. once i subsist on unforced for the enterprise. the other on branson told some privileges at the treasury, the federal reserve and the white house. >> that is exactly what we've had. when michael lewis wrote up a bit short. he is writing about all the jackal of hedge funds and the bed against the big banks were all supporting these subprime mortgages concoctions, confections and scans. it was all the most prestigious forces in both u.s. and the world economy that backed the blindsided by collet, people who are investing in these crazy concocted mortgage securities in which the value was totally unknown by the people investing in a period the people shorting means we
the threat comes from washington and wall street. i make that new arguments in the new edition of "wealth and poverty." >> george gilder come you rate the united states over the last decade has witnessed a classic confrontation between the forces of entrepreneurial capitalism and those of established institutions, claiming a higher virtue, expertise and political standing. once i subsist on unforced for the enterprise. the other on branson told some privileges at the treasury,...
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Dec 27, 2012
12/12
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it is a sign of how the nra works in washington. the of the very effective job of steering that agency by threatening its budget -- scaring that gency by threatening its budget, and by trying to keep them from having a permanent director. it is been six years. neither president bush for president obama has been able to get a permanent director. agency's stripped of the to not have leadership. host: we have been talking to matt bennett of third way. coming up a 10:00 a.m., the senate will be in session. they do not have the fiscal cliff on their agenda, but leader harry reid is expected to make a morning speech or morning statement about issues regarding the fiscal cliff. you can go to c-span2 can watch that. they're coming in at 10:00 a.m. this morning. the house is coming in at 2:00 p.m.. did not have an agenda. coming in to be here and just in case, et cetera. they will be coming in and probably be in session for a short time and then go out. you could keep updated on our web site at c-span.org. another four day weekend on "booktv
it is a sign of how the nra works in washington. the of the very effective job of steering that agency by threatening its budget -- scaring that gency by threatening its budget, and by trying to keep them from having a permanent director. it is been six years. neither president bush for president obama has been able to get a permanent director. agency's stripped of the to not have leadership. host: we have been talking to matt bennett of third way. coming up a 10:00 a.m., the senate will be in...
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right now but we did hear from him not to long ago let me give you a short recap he was on his way to washington wednesday to meet with people about running for higher office and he landed in jail instead and while he won't talk about why he had a gun in his badback yesterday he says to fight the felony charges he is still in the race. i am going to continue to campaign for the people in the second congressional district. donnie trotter unable to talk about the fact that he is in custody tonight but he wanted to talk about running for congress with his constituents. the csa discovered an unloaded caliber gun in his back with six bullets nearby, he was arrested and he spent one night in this cell he said he forgot he was in his back as he traveled to the airport because he was working his security job late the previous evening. all around 1:00 p.m. today downey trotter paid 10 percent of the $25,000 bond into left court in a hurry surrounded by cameras he had nothing to say about the felony charge against him. he said the job really is a part-time job she was one of the only few full-timer's and
right now but we did hear from him not to long ago let me give you a short recap he was on his way to washington wednesday to meet with people about running for higher office and he landed in jail instead and while he won't talk about why he had a gun in his badback yesterday he says to fight the felony charges he is still in the race. i am going to continue to campaign for the people in the second congressional district. donnie trotter unable to talk about the fact that he is in custody...
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Dec 18, 2012
12/12
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WMAR
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she is here with what leaders in washington are promising to do. what are they promising to do. >> reporter: first let's start with the president. when he stood before thedevastated families this weekend he plemgd action to pre- - pledged action to prevent action to prevent more tragedies like this and pro gun senators are saying they are open to discussing changes to gun laws. majority leader hairy reid says congress will -- harry reid says congress will conduct meaningful discussion on gun laws and a grass roots organization will send a delegation to dc they are calling for better gun control to prevent a similar tragedy from happening in another community. hundreds of people marched from capitol hill to the national rifle association dc's office. new york city mayor michael bloomberg joined victims of gun violence to address the issue of how easy it is to get access to guns. even some long time supporters of gun rights like west virginia senator joe manchonin says it's time to talk about regulating guns. he says he is opening to discussing restr
she is here with what leaders in washington are promising to do. what are they promising to do. >> reporter: first let's start with the president. when he stood before thedevastated families this weekend he plemgd action to pre- - pledged action to prevent action to prevent more tragedies like this and pro gun senators are saying they are open to discussing changes to gun laws. majority leader hairy reid says congress will -- harry reid says congress will conduct meaningful discussion on...
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Dec 30, 2012
12/12
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it's time for us in washington to do the same. here in the senate, it seems to me that we're always fighting about something. that might not change any time soon, but more often than not, i believe that we can raise to the common ground of great national purpose and i believe with all of my heart that this is one of those times. thank you, mr. president. and i yield the floor. i suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: mr. durbin: mr. president? the presiding officer: the assistant majority leader is recognized. mr. durbin: ask consent the quorum call be lifted. the presiding officer: without objection. mr. durbin: mr. president, i rise with the intention of asking consent for the immediate passage of s. 215, the increasing american jobs through greater exports to africa act, legislation i've introduce in the senate with senators boozman, coons, cardin and landrieu, and that is being sponsored and led in the house of representatives by congressman chris smith and congresswo
it's time for us in washington to do the same. here in the senate, it seems to me that we're always fighting about something. that might not change any time soon, but more often than not, i believe that we can raise to the common ground of great national purpose and i believe with all of my heart that this is one of those times. thank you, mr. president. and i yield the floor. i suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: mr. durbin: mr....
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Dec 27, 2012
12/12
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FBC
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that sector is doing very well regardless of what's happening in washington. the xhb is a great way to play it, they own things like home depot, own lowe's, some homebuilders, whirlpool, things that go into homes. shibani: why would you choose to go with an etf versus picking out some of these names? when you pick a basket, you sometimes mute the overall performance that the individual names could have. >> right. so if you picked the best ones out of that group, then sure you would do much better than picking the etf. but the etf is safer. you get a whole basket, so you are not exposed to the stock, a single stock risk, so if one stock has a problem, you know, the whole portfolio doesn't go down. shibani: so you like home building. i was also interested to learn that you also like biotech. that's a little unusual considering how risky that sector can be. >> that's for the -- people who want to take a little bit more risk. the biotech sector has been doing well. the small cap bio hasn't done as well as the big tech -- big cap biotech, but it is a good sector. t
that sector is doing very well regardless of what's happening in washington. the xhb is a great way to play it, they own things like home depot, own lowe's, some homebuilders, whirlpool, things that go into homes. shibani: why would you choose to go with an etf versus picking out some of these names? when you pick a basket, you sometimes mute the overall performance that the individual names could have. >> right. so if you picked the best ones out of that group, then sure you would do...
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Dec 23, 2012
12/12
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WGN
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.wide receiver chris potter goes deep to holden huff... 34 yards for the score....boise state beats washington....28- 26... lafayette wins >> wolves... in ot... they lose 2-1 >> finally...country singer martina mcbride had brian urlacher help her out last night in a christmas show at the chicago theatre...the bears linebacker reading the role of the grinch.... but he got blasted by those nasty critics.... >> proof to keep his day job... >> he doesn't read well.. but we don't tackle well... >> that is the news for this is saturday night... thank you for watching end
.wide receiver chris potter goes deep to holden huff... 34 yards for the score....boise state beats washington....28- 26... lafayette wins >> wolves... in ot... they lose 2-1 >> finally...country singer martina mcbride had brian urlacher help her out last night in a christmas show at the chicago theatre...the bears linebacker reading the role of the grinch.... but he got blasted by those nasty critics.... >> proof to keep his day job... >> he doesn't read well.. but we...
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Dec 18, 2012
12/12
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WJZ
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. >>> several relatives of washington redskins star london fletcher are arrested. a riot broke out. he and his family say cleveland fans targeted their section because they wore redskins gear and security guards made the situation even worse. >> i see this officer taser him, five more officers beating on him. i'm like, why is you snatching on him? he's going to jail and then they came and started attacking our family. >> his aunt was treated for a neck injury and released. the redskins line backer adds that four relatives are still in police custody but have not been charged. >>> the garmin factory fire that killed 112 people was the work of sabotage. a government panel says last month's fire was probably set by someone who worked there. they are also asking for the owner to be punished because the factory lacked emergency exits. managers locked the gates and told them to go back to work after the fire alarm went off. >>> a major apartment fire on the eastern shore had people jumping oh it of windows to save their lives. we are live with the details of a terrifying night. >> reporte
. >>> several relatives of washington redskins star london fletcher are arrested. a riot broke out. he and his family say cleveland fans targeted their section because they wore redskins gear and security guards made the situation even worse. >> i see this officer taser him, five more officers beating on him. i'm like, why is you snatching on him? he's going to jail and then they came and started attacking our family. >> his aunt was treated for a neck injury and released....